Is Lincoln, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lincoln has remained a Seller's Market.
Housing Prices in Lincoln, IL
How much do homes in Lincoln, IL cost?
Median Sold Price
$108,250
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln was $108,250 in April 2024, up 8.3% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32K | $30K | -6.3% |
2 Bedrooms | $75K | $77K | +2.7% |
3 Bedrooms | $120K | $119.9K | 0% |
4 Bedrooms | $150K | $160K | +6.7% |
5+ Bedrooms | $190K | $175K | -7.9% |
Summary: Lincoln housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
Lincoln | $100K | $108.2K | +8.3% |
East Lincoln Township | $107.7K | $110K | +2.1% |
West Lincoln Township | $115K | $101K | -12.2% |
Housing Supply in Lincoln, IL
How many homes are available in Lincoln, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 54 | 0.0% |
Summary: The Lincoln real estate market had 54 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 24 | 18 | -25.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lincoln housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 11 | -45.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lincoln in April 2024, down by 45.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Lincoln, IL
How long does it take to sell a home in Lincoln, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -20.9% |
Summary: Homes in Lincoln had an average of 32 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Lincoln; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.